Borrow Money to Buy an Aamco Transmissions Franchise

Need a loan to buy an Aamco Transmissions franchise? Banco Popular North America has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Covington, Georgia needed money to invest in an Aamco Transmissions franchise back in 2007. Banco Popular North America issued an SBA franchise loan. Here are the details on this Georgia small business loan.

SBA Loan Borrower

AAMCO TRANSMISSIONS
COVINGTON, GA 30014

SBA Loan Lender

BANCO POPULAR NORTH AMERICA
7 W 51ST ST, BETWEEN 5TH & 6T
NEW YORK CITY, NY 10019

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

811111 - General Automotive Repair

Loan Approval Date

11/29/2007

Loan Approval Gross Amount

$314,200

Loan Approval from the SBA

Of the total $314,200 loan amount, the SBA guaranteed $235,650.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an Aamco Transmissions franchise. At the time of the loan, the company had 2 employees. The loan application indicated that the loan would help generate 2 new jobs and retain 2 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $314,200 loan. It's not easy, but why not give getting an SBA loan of your own a try?

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.

Related Links:

AAMCO Transmissions, Inc.

Role of Business Plan When Raising Money

Small Business Banks in New York City, New York

SBA New York Lenders